The overall market is up, but it keeps dropping alone! $SKHYNIX SK Hynix gets wiped out again. Mige: Don’t rush to catch the falling knife!



Brothers, Bitcoin has surged to 63600, yet SK Hynix actually dumped 130 points down! It slid from 1645 to 1511, a drop of over 6%. The current price is 1519. People who chased the rebound got buried again—this kind of chart makes Mige worry for the bulls.

Where’s the problem? Sector sentiment hasn’t caught up. Last night the U.S. Federal Reserve stood pat, so funds first went to pump Bitcoin and gold, while semiconductors still aren’t getting any love. On the news front, South Korea’s KOSPI also didn’t provide any boost—SK Hynix’s drop this time is deeper than the broader market.

At the daily level, MA7, MA25, and MA99 are all pressing down above the price, and MA7 and MA99 have just formed a death cross—this is an ugly signal for the short- to mid-term trend. The 4-hour chart is even more direct: a big bearish candle pushed it from 1572 down to 1511, the MACD death cross has widened, and bearish momentum is in full swing.

The only thing worth noting is that the funding rate has already reached 0.22%, which is on the high side. Shorts are paying funding fees to longs, which indicates that short-selling sentiment is concentrated—and it may actually be brewing a short-term rebound.

Mige’s advice: Wait for it to stabilize before acting. For shorts, wait for a rebound around 1545 - 1565 before entering. For longs, after a stop-falling signal appears around 1480 - 1460, try a small long position.

Brothers, in a market where sectors are diverging, don’t rush to buy the dips on weak products. Wait until it has truly fallen out and nobody dares to buy—that’s when Mige moves. Hold your ammo for now and don’t fire blindly.

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SKHYNIX-4.97%
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